Stevia is a perennial herb plant. The main component of stevia leaves is stevioside, which has high sweetness and low calorie but also has certain pharmacological effects. Stevia mainly has the effects of treating diabetes, controlling blood sugar, reducing blood pressure, anti-tumour, anti-diarrhoea, improving immunity, promoting metabolism, etc. It has an excellent impact on controlling obesity, regulating gastric acid, restoring nerve fatigue, and it is suitable for heart disease, Paediatric caries, etc. also have significant effects, the most important thing is that it can eliminate the side effects of sucrose.

It has been widely used as medicine and diet. Stevioside derivatives have many benefits, such as lowering hypertension, improving diarrhoea, and improving human immunity. Stevia is being used as an adjunct to tablets, pills, capsules, etc. because stevioside is a non-sugar sweetener.

Global Stevia Market: Insights

The global Stevia market generated USD 493.6 Million in 2017 and is projected to grow at CAGR of 6.9% from 2017, to reach a value of USD 1057.6 Million by 2027. The growing demand for low-calorie sweeteners expected to grow the global stevia market in the upcoming periods. Additionally, the swelling number of product launches and innovations in the food & beverage industry, which provide sugar alternatives from consumers suffering from diabetes and obesity, will drive the global Stevia industry in the forecast period. Stevia is a good feed material. It is further processed into feed for livestock and can be used to treat the appetite of livestock and poultry. Illness, fatigue, slow growth, no estrus, chin, and poor airways can also improve milk and meat quality.

Furthermore, the surge in awareness among consumers about the health benefits of low-calorie consumable products and the growing number of obese and diabetic people across the world projected to accelerate the global stevia market. Stevia is the sugar alternative due to its zero-calorie property. In addition, the mounting popularity of natural ingredients and antioxidants will promulgate the global stevia industry in the estimated periods. Furthermore, increasing demand for convenience foods, low-calorie drinks, and tabletop sweeteners, coupled with changing lifestyles, will boom the stevia market in the forecast periods. Stevia is hardly metabolized in the human body and does not produce excessive heat after eating. Therefore, it is commonly used to make sweet food for obese patients, stevia beverages, or stevia candies for children, which can prevent obese people from gaining weight again. According to the World Health Organization, around 1.6 million people worldwide died due to diabetes in 2016. It is estimated that 425 million people are living with diabetes all over the world. By 2045, projections show this number rising to some 629 million diabetics globally.

The availability of stevia in modern retail outlets due to its huge demand among individuals regarding health consciousness and the benefits of stevia, such as low-calorie sweeteners, will influence the global stevia market.

The SPER market research report of the Stevia market includes all integrated approaches to the growth of the market, along with an accurate & elaborate analysis of the complete competitive situation of this market on a global level. Besides the current analytical & statistical account, the report cloaks the trends market drivers, challenges, potential opportunities, which affect the market. This market report discusses the present situation to predicted trends & aspects of the growth of the Stevia market. Furthermore, it gives a dynamic overview & insights related to the market at both global as well as regional scales.

Global Stevia Market: Form Type Insights

Based on the form type, the global Stevia Market bifurcates into Dry and Liquid. The liquid segment accounted for a major market share in 2019 and will continue by 2027. It is due to the consumers are preferring a liquid form of stevia, which is useful for sweetening tea, coffee, and smoothies. Liquid stevia is available in various forms, such as syrups, and these syrups used to enhance the flavor of many foods.

Global Stevia Market: Extract Type Insights

Based on the extract type, the global Stevia Market classified into the Whole Leaf, Powdered, and Liquid. The Whole Leaf is likely to dominate the market by 2027, owing to the huge demand for the whole leaf in food & beverage manufacturers and processors.

Global Stevia Market: Application Insights

Based on the application, the global Stevia market categorized into Dairy, Bakery & Confectionery, Tabletop Sweeteners, Beverages, Convenience Foods, and Others. The beverages segment anticipated to gain maximum share in the market by 2027 due to the huge demand of stevia in various carbonated drinks. Additionally, stevia used in several low- and zero-calorie beverages regarding growing health-conscious consumers.

Bakery & Confectionery segment will be the fastest-growing segment on account of stevia is a non-sugar sweetener and does not corrode teeth due to acid generation, which can be used to prevent Children's caries.

Global Stevia Market: Regional Insight

By geography, the global Stevia market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific dominates the market attributable to a huge population and mounting income of consumers coupled with the Booming food and beverage industry in the region, especially in China, India, Japan, and Taiwan.

The report presents a detailed assessment of the various factors influencing the market's trajectory into 2020 and 2027. It covers all the crucial information of the leading companies operating in the global Stevia market. Besides highlighting the product offerings, the report also calculates revenue generated over the period and their position in the market.

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Global Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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